Bitcoin: Stress and Happiness

[joelsamuya]

In my almost four years of getting involved (just an ordinary holder and part-time trader, nothing so great actually), I am so sure that Bitcoin can be a major source of stress especially if you bought them at a higher price and then the price made some slide. Now, I am not saying that it is Bitcoin's fault because stress in the first place depends a lot on our perception and how we are managing it. But definitely, we can categorize as a stressor at some degree.

On the other hand, Bitcoin can also be the source of "happiness" especially when the coin is having a great time jumping upwards. Certainly, there can be euphoria if in 2020 Bitcoin can go higher that its 2017 ATH. Bitcoin is known for extreme volatility and it can go from one side to the other in matter of hours and days.

No wonder that Steve Wozniak the Apple co-founder sold his bitcoin because riding the roller coaster stressed him out.

How do you manage any possible stress coming from Bitcoin's volatility?

[Coin_trader]

No wonder that Steve Wozniak the Apple co-founder sold his bitcoin because riding the roller coaster stressed him out.

How do you manage any possible stress coming from Bitcoin's volatility?

Simple. Store your BTC in cold storage such as Paper wallet, Trezor or Ledger then stop visiting the crypto website. In my case. I left my trezor to my relative's house which they didn't know what really it is so that I don't have access to it whenever I'm tempted to trade or sell some. Right now I'm focused on buying BTC using my salary in my job and directly store in my cold storage. Wish me luck that my wallet is in good condition/safe or else I will be fck up my life savings.

----

Just buy and forget everything.

[Astvile]

How do you manage any possible stress coming from Bitcoin's volatility?

I'm not getting stressed at all when bitcoin volatility attack, instead I became happy that it is moving either down or up. I like it when bitcoins price goes down because I get to buy more and later on profit more and I also like bitcoin price going up because of profits( who doesn't like bitcoin pumping Lol).

Almost everything in our world is both a source of stress and happiness so if you get used to it it will just be normal for you and won't affect you at all.

[Pursuer]

How do you manage any possible stress coming from Bitcoin's volatility?

very easily! by investing what you can afford to lose.
most of the reasons for stress is when people have a lot of money at stake but if you had something like $10 bucks at stake you wouldn't really stress over it that much.

[Natalim]

In any type of investment every investor can feel both stress and happiness and I call it normal.

Been investing here for many years, I think I started in 2015 so I have experience different market movement, the bullish and the bearish and one thing I learn is to always have a short term and long term investment and don't be greedy when the right time to sell will come, just push the sell button and enjoy it as holding forever would never benefit us.

[Darker45]

This kind of roller-coaster ride really stressed me when I was a newcomer in the Bitcoin world. I checked on my blockfolio app almost every once in a short while. I was even losing sleep when the price is too low from when I bought them. But after a few years of Bitcoin price riding, it already seems like there are no more bumps on the road. The ride is like in cloud 9. I guess when your eyes are already set long term, you cannot easily get stressed anymore with the short drops.  

[goto22]

In my almost four years of getting involved (just an ordinary holder and part-time trader, nothing so great actually), I am so sure that Bitcoin can be a major source of stress especially if you bought them at a higher price and then the price made some slide. Now, I am not saying that it is Bitcoin's fault because stress in the first place depends a lot on our perception and how we are managing it. But definitely, we can categorize as a stressor at some degree.

On the other hand, Bitcoin can also be the source of "happiness" especially when the coin is having a great time jumping upwards. Certainly, there can be euphoria if in 2020 Bitcoin can go higher that its 2017 ATH. Bitcoin is known for extreme volatility and it can go from one side to the other in matter of hours and days.

No wonder that Steve Wozniak the Apple co-founder sold his bitcoin because riding the roller coaster stressed him out.

How do you manage any possible stress coming from Bitcoin's volatility?

I think that traders stress a lot more than hodlers. Hodlers don't expect quick returns. They invest some money into BTC, put it in a wallet, and don't think about it at all for years. Whatever is happening now or in the short term is of no concern to them, they know that BTC will skyrocket eventually, and until that happens — they don't care. It's a good way to eliminate stress imo, just store it and don't think about it.

[gandame]

Yes its true bitcoin give us  stress and happiness. Why stress because if you buy bitcoin on high price then after wards bitcoin dump you can get stress by thinking when the price goes up. And we will get an happiness when we buy bitcoin in low price then bitcoin pump so we happy because we get a big profits.
That is the effect of bitcoin to us stress and happiness.

[blckhawk]

Engaging in bitcoin, you should already know beforehand the stress fluctuations would deliver. It's either you're happy or you're stressed. If you don't want an emotional rollercoaster, invest maybe in stock market. It's muchess volatile and it's unlikely that you'll lose such huge amounts in quick timespan. But reward is long-term so you should also be patient when investing in stocks. Or just be calm on trading and learn to decide under pressure, assess the current situation and factors that may affect the price.

[CryptoBry]

How do you manage any possible stress coming from Bitcoin's volatility?

Indeed, we can easily get stressed just thinking about the up and down of Bitcoin but it should not always be the case as we can choose not to be. There are many ways we can stop the stress to be affecting us like establishing a solid mindset and orientation on Bitcoin -- just knowing what you really want to accomplish with it and by knowing that Bitcoin's price movement is beyond our control...so why fret over something we could not do anything?

Aside from that, I am also doing some meditation and regular walking exercise and since am into farming the presence of plants and animals can make me so relaxed and happy. Our life should not be revolving a lot with cryptocurrency and I am sure that we also have other interests...this can definitely help.

Let us not get worry on Bitcoin, let it worry itself.

[Bttzed03]

How do you manage any possible stress coming from Bitcoin's volatility?

When investing, I try to remove my emotion from the process. The volatility can make anyone who isn't prepared go crazy. If you don't have strong hands to hodl through the shakeouts, you'll easily turn into bitcoin hater from a bitcoin supporter.

~
Just buy and forget everything.

This is difficult to do but it's an effective way to remain stress free from bitcoin volatility.

[dimastegar]

The best way to deal with stress when asset values decline is to let them go. Sincere in the sense that we accept and understand the risks that we can get, and we are ready if something happens. Therefore, understand what an investment is and your purpose to enter the crypto world.

[Casdinyard]

First of, decide whether you want to hold it short or long term. Tbh, holding it long term could give you less stress as you wouldn't bother about the volatility thus you're confident that ten years ( or more ) from now bitcoin price cannot be afford of an ordinary people.

Do remind ourselves that we're lucky for knowing bitcoin this early.

Just buy and forget everything.

But don't forget your private keys, lol!

[carter34]

Bitcoin is business and business either gives you some sadness or makes you happy at some point. So if you understand the way risk is, you wouldn't see bitcoin isolated from such aspect of life. We trade to gain, at sometimes we have losses.

[watergold]

Yes its true bitcoin give us  stress and happiness. Why stress because if you buy bitcoin on high price then after wards bitcoin dump you can get stress by thinking when the price goes up. And we will get an happiness when we buy bitcoin in low price then bitcoin pump so we happy because we get a big profits.
That is the effect of bitcoin to us stress and happiness.

But we have to call it a normal thing because the price of bitcoin goes up and down, so don't panic, you have to be patient in dealing with this, when bitcoin goes down, many investors are stressed by the severe downfall, so our patience must be arrested and bitcoin is not like slow altcoin its rising, but I believe bitcoin will quickly grow quickly.

[ChrisPop]

As you said stress and happiness are different from person to person. One man's stress can even be another man's happiness. However my recommendation to avoid being too stressed about your Bitcoin positions is first to be clear what do you want to do. If you want to just invest in Bitcoin, then put your funds in it and don't look back with regret. If you invest on long-term there is no reason to check the price each day, week or even month. On the other hand if you decide to be an active trader on Bitcoin like a day-trader does you should have clear risk management rules, thus removing your emotions from the game. Also whichever strategy you choose be sure to risk only an amount that you are comfortable with risking on a volatile market like cryptocurrencies'.

[kayvie]

Yes its true bitcoin give us  stress and happiness. Why stress because if you buy bitcoin on high price then after wards bitcoin dump you can get stress by thinking when the price goes up. And we will get an happiness when we buy bitcoin in low price then bitcoin pump so we happy because we get a big profits.
That is the effect of bitcoin to us stress and happiness.

But we have to call it a normal thing because the price of bitcoin goes up and down, so don't panic, you have to be patient in dealing with this, when bitcoin goes down, many investors are stressed by the severe downfall, so our patience must be arrested and bitcoin is not like slow altcoin its rising, but I believe bitcoin will quickly grow quickly.

Being stressful with the current price of bitcoin will not bring you anything good. Worrying about its price is always there, there is nothing wrong with that. But the thing is, we should not stress ourselves.
It's normal for its price to fall, the crypto price will never become stable, and that is one of its advantages.

[Ailmand]

Just stop looking at the price of bitcoin. Bitcoin's volatility is one of the reason why it is profitable and also it is the reason why it gives stress when you see the value flactuating or if you missed an opportunity to earn.

Don't put much emotion on the market and just grab all the opportunities to earn. Bitcoin or the whole crypto in general can give you roller coaster of emotion, but I believe it can change your life if you know what you are doing.

[Kyraishi]

It's a proven stat that a lot of investment bankers and traders suffer a lot of stress throughout their working hours due to how busy they are and how much money needs to be made.

Same can be said for bitcoin, probably more so since the markets will never close, there's been news stories made that showed how stressful trading BTC was and how people woke up in the middle of the night to check prices

[Eclipse26]

Bitcoin's volatility, affects us emotionally. Like every time it changes, our mood also changes. But actually, I don't stress my self much with bitcoin's volatility. Even in the first place, I know how volatile bitcoin is so I have to prepare, accept it, and manage my emotion with regards to its sudden change of price. I entered this market, so I have to adapt with how it works. I know its frustrating when the price suddenly decrease but I can't do anything so I'll just have to wait for it until it recovers. Always think positive even when we're at the bear market. It's not like it'll just stuck there forever.